William Lowell Putnam Prize Fund For The Promotion Of Schlrshp Inc
- Assets
- $5.5m
- Revenue
- $925.5k
- Investments
- $5.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 04-3414102
Organization Overview
William Lowell Putnam Prize Fund For The Promotion Of Schlrshp Inc is located in Boston, MA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Lowell Putnam Prize Fund For The Promotion Of Schlrshp Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William Lowell Putnam Prize Fund For The Promotion Of Schlrshp Inc generated $925.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, William Lowell Putnam Prize Fund For The Promotion Of Schlrshp Inc has awarded 48 individual grants totaling $3,852,328. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND ALSO MAKES CONTRIBUTIONS TO VARIOUS COLLEGES ANDOTHER EDUCATIONAL INSTITUTIONS AS SELECTED BY ITS TRUSTEESAND APPROVAL OF THE COMMISSIONER.
THE PUTNAM PRIZE FUND PROVIDES FUNDS FOR MATHEMATICSCOMPETITION UNDER THE SUPERVISION OF THE MATHEMATICS ASSNOF AMERICA AND AWARDS PRIZES TO INDIVIDUALS & THEIR SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Putnam III President/clerk/director | 1 | $10,000 | |
Warren Lowell Putnam Treasurer/director | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,800 |
| Dividends & Interest | $189,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $728,626 |
| Capital Gain Net Income | $728,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $925,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,216 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,780 |
| Total operating and administrative expenses | $127,406 |
| Contributions, gifts, grants paid | $977,852 |
| Total expenses and disbursements | $1,105,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $417,907 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,541,815 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William Lowell Putnam Prize Fund For The Promotion Of Schlrshp Inc has awarded $977,852 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MATHEMATICAL ASSOCIATION OF AMERICA PURPOSE: CHARITABLE GIFT | $202,852 |
PRESIDENT & FELLOWS OF HARVARD UNIVERSITY PURPOSE: CHARITABLE GIFT | $775,000 |